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MTSI - MACOM Technology Solutions Holdings, Inc.

NASDAQ -> Technology -> Semiconductors
Lowell, United States
Type: Equity

MTSI price evolution
MTSI
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $163.59 $173.95 $121.52 $136.57
Short term investments $299.7 $340.57 $466.07 $440.74
Net receivables $101.08 $91.25 $105.89 $121.82
Inventory $159.5 $136.3 $139.01 $131.88
Total current assets $744.95 $761.19 $852.05 $848.32
Long term investments
Property, plant & equipment $184.28 $149.5 $155.38 $123.27
Goodwill & intangible assets $442.02 $390.39 $390.02 $391.9
Total noncurrent assets $905.85 $792.05 $790.66 $769.16
Total investments $299.7 $340.57 $466.07 $440.74
Total assets $1650.8 $1553.24 $1642.71 $1617.47
Current liabilities
Accounts payable $27.14 $24.97 $27.41 $31.09
Deferred revenue
Short long term debt $1.05 $1.16 $125.24 $4.87
Total current liabilities $102.87 $83.53 $210.64 $91.25
Long term debt $488.28 $488.22 $488.3 $602.66
Total noncurrent liabilities $523.84 $522.12 $517.37 $632.21
Total debt $489.33 $489.38 $613.54 $607.53
Total liabilities $626.71 $605.64 $728 $723.46
Shareholders' equity
Retained earnings -$250.18 -$262.71 -$287.16 -$299.01
Other shareholder equity -$0.4 -$3.63 -$2.88 -$1.43
Total shareholder equity $1024.09 $947.6 $914.71 $894.01
(in millions $) 31 Dec 2023 30 Oct 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $173.95 $119.95 $156.54 $129.44
Short term investments $340.57 $466.58 $188.37 $203.71
Net receivables $91.25 $101.55 $84.57 $45.88
Inventory $136.3 $114.96 $82.7 $91.58
Total current assets $761.19 $813.08 $521.54 $481.52
Long term investments $2.5 $15.34 $17.75
Property, plant & equipment $149.5 $123.7 $120.53 $118.87
Goodwill & intangible assets $390.39 $362.67 $398.93 $445.91
Total noncurrent assets $792.05 $758.73 $612.61 $664.91
Total investments $340.57 $469.08 $203.71 $221.46
Total assets $1553.24 $1571.82 $1134.14 $1146.43
Current liabilities
Accounts payable $24.97 $30.73 $28.71 $23.04
Deferred revenue
Short long term debt $1.16 $1.01 $0.96 $8.25
Total current liabilities $83.53 $97.21 $93.04 $94.95
Long term debt $488.22 $602.5 $528.85 $681.17
Total noncurrent liabilities $522.12 $631.86 $569.37 $751.33
Total debt $489.38 $603.5 $529.81 $689.42
Total liabilities $605.64 $729.07 $662.41 $846.28
Shareholders' equity
Retained earnings -$262.71 -$354.29 -$801.75 -$839.73
Other shareholder equity -$3.63 $842.75 $4.15 $5.01
Total shareholder equity $947.6 $842.75 $471.74 $300.15
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $157.15 $150.38 $148.52 $169.41
Cost of revenue $69.84 $63.75 $62.4 $66.72
Gross Profit $87.31 $86.63 $86.13 $102.69
Operating activities
Research & development $39.41 $37.51 $36.67 $35.54
Selling, general & administrative $36.89 $33.51 $32.15 $31.25
Total operating expenses $76.3 $71.02 $68.82 $66.79
Operating income $11.01 $15.61 $17.31 $35.9
Income from continuing operations
EBIT $16.57 $35.96 $17.28 $35.78
Income tax expense $2.75 -$5.46 $7.77 $11.66
Interest expense $1.29 $16.96 -$2.34 -$1.63
Net income
Net income $12.53 $24.45 $11.85 $25.75
Income (for common shares) $12.53 $24.45 $11.85 $25.75
(in millions $) 31 Dec 2023 30 Oct 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $648.41 $675.17 $606.92 $530.04
Cost of revenue $262.61 $265.06 $259.87
Gross Profit $385.8 $406.18 $341.86 $270.17
Operating activities
Research & development $148.54 $138.84 $141.33
Selling, general & administrative $129.85 $122.01 $124.31
Total operating expenses $278.4 $273.51 $260.85 $266.78
Operating income $107.4 $81 $3.39
Income from continuing operations
EBIT $127.54 $63.54 -$14.18
Income tax expense $23.58 -$196.84 $4.97 $4.52
Interest expense $12.38 -$4.3 $20.59 $27.38
Net income
Net income $91.58 $439.95 $37.97 -$46.08
Income (for common shares) $91.58 $37.97 -$46.08
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $12.53 $24.45 $11.85 $25.75
Operating activities
Depreciation $14.29 $13.74 $13.05 $12.51
Business acquisitions & disposals -$75 -$36.86 -$50.84
Stock-based compensation $8.66 $9.33 $8.26 $9.46
Total cash flows from operations $33.1 $50.35 $45.82 $32.47
Investing activities
Capital expenditures -$4.65 -$5.81 -$3.27 $2
Investments $44.88 $129.51 -$22.26 $31.81
Total cash flows from investing -$34.77 $123.7 -$62.39 -$17.02
Financing activities
Dividends paid
Sale and purchase of stock -$8.7 -$0.14 $2.03 -$4.88
Net borrowings -$0.35 -$121.08 -$0.3 -$0.31
Total cash flows from financing -$9.05 -$121.22 $1.73 -$5.19
Effect of exchange rate $0.36 -$0.4 -$0.21 $0.16
Change in cash and equivalents -$10.37 $52.43 -$15.05 $10.42
(in millions $) 31 Dec 2023 30 Oct 2022 31 Dec 2021 31 Dec 2020
Net income $91.58 $37.97 -$46.08
Operating activities
Depreciation $52.15 $69.95 $78.83
Business acquisitions & disposals -$87.69 $11
Stock-based compensation $38.1 $35 $35.67
Total cash flows from operations $166.92 $148.41 $171.4
Investing activities
Capital expenditures -$16.69 -$17.67 -$17.15
Investments $140.73 $15.09 -$101.04
Total cash flows from investing $36.34 -$182.86 -$2.58 -$107.19
Financing activities
Dividends paid
Sale and purchase of stock -$27.05 -$16.66 -$2.12
Net borrowings -$121.97 -$102.44 -$8.59
Total cash flows from financing -$149.02 -$28.91 -$119.09 -$10.72
Effect of exchange rate -$0.24 -$1.8 $0.36 $0.44
Change in cash and equivalents $54 -$36.58 $27.1 $53.92
Fundamentals
Market cap $6.87B
Enterprise value $7.20B
Shares outstanding 71.92M
Revenue $625.45M
EBITDA $159.17M
EBIT $105.58M
Net Income $74.58M
Revenue Q/Q -12.75%
Revenue Y/Y -10.09%
P/E ratio 92.13
EV/Sales 11.51
EV/EBITDA 45.22
EV/EBIT 68.17
P/S ratio 10.99
P/B ratio 6.71
Book/Share 14.24
Cash/Share 2.27
EPS $1.04
ROA 4.62%
ROE 7.89%
Debt/Equity 0.64
Net debt/EBITDA 2.91
Current ratio 7.24
Quick ratio 5.69